Nvidia's stock fell to $199.48 amid increased competition in the AI chip market, particularly with Google launching new TPUs focused on inference. AI chip startups raised $8.3 billion in 2026, signaling a robust sector, with Rebellions raising substantial funding to target U.S. customers.

Nvidia CEO Jensen Huang criticized U.S. chip export restrictions, arguing they won't hinder China's AI advancements. He stressed the need for a unified global tech ecosystem and emphasized Nvidia's growing market share despite competition, highlighting the challenges in disrupting computing ecosystems.

India has begun construction on its first advanced 3D chip packaging facility in Odisha, with an investment of 19.4 billion rupees. Backed by Intel and Lockheed Martin, it aims for commercial production by August 2028, focusing on advanced packaging technologies to enhance electrical performance for AI and 5G applications.

European AI chip startups are attracting larger investments, with Euclyd seeking €100 million for its inference technology. Despite raising $800 million in 2026, they lag behind US firms. The EU's Chips Act aims to enhance Europe's semiconductor industry.

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